Strong performance builds on momentum from 2025

LONDON, UK / ACCESS Newswire / September 2, 2026 / Ecora Royalties PLC (LSE:ECOR)(TSX:ECOR)(OTCQX:ECRAF) announces half year results for the six months ended 30 June 2026 which are available on the Group's website at www.ecoraroyalties.com and on SEDAR at www.sedar.com. All currencies referred to within are in US dollars unless otherwise specified.

Ecora is a leading critical minerals focused royalty and streaming company. Copper is at the core of the portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Marc Bishop Lafleche, Chief Executive Officer of Ecora, commented:

"Ecora's strong first-half performance builds on the momentum established in 2025. The core critical minerals portfolio delivered another record performance, further demonstrating its underlying cash generation potential, with revenue growth converting to a significant increase in adjusted earnings growth, highlighting the scalability of the royalty model. Strong cash generation is expected to continue to drive deleveraging in the second half of 2026, with the additional benefit of commodity price tailwinds should the price of copper, and other key commodity exposures, remain at or above current levels.

"Looking forward, a number of our operating partners are targeting near-term milestones which are expected to advance the next wave of organic growth in our portfolio. Within the base metals portfolio, the evaluation of brownfield expansion opportunities are being progressed at Voisey's Bay and Mantos Blancos, alongside the greenfield Santo Domingo project that is moving towards Final Investment Decision. Elsewhere, a Definitive Feasibility Study on the Phalaborwa rare earths project continues to progress towards completion.

"This combination of strong cash generation, commodity price tailwinds, deleveraging, potential key derisking milestones underpinned by a positive fundamental outlook for copper and other critical minerals, gives us great confidence in the near and long-term outlook for Ecora."

Financial highlights:

• Interim dividend of 1.90 cents per share, equating to ~ 25% of free cash flow (H1 2025: 0.60 cents per share)

¹ Includes ongoing metal purchase costs under stream agreements, for H1 these were: Voisey's Bay ($3.1m); Mimbula ($1.3m)

² In H1 2026, principal repayment totalled $0.8m and interest received totalled $0.5m (H1 2025: principal repayment totalled $1.6m and interest received totalled $0.6m)

³ Under IFRS 9, the royalties received from EVBC are reflected in the fair value movement of the underlying royalty rather than recorded as royalty income

Portfolio Highlights:

Base metals

Producing

• Mimbula (copper):

  • Portfolio contribution net of stream costs of $3.7m (H1 2025: $0.5m)

  • Phase II expansion project continues to advance, with the commissioning of additional solvent extraction (SX) capacity commencing in June 2026

  • Project focus now moves to the construction of the ETL circuit and additional EW cells

Near production and development stage

• Cañariaco (copper):

  • In March, Fortescue Ltd. completed the acquisition of the remaining 64% of Alta Copper Corp. shares not already owned by Fortescue. Alta Copper is the 100% owner of the Cañariaco copper project in Peru over which Ecora holds a 0.5% NSR royalty

  • Expected average annual production for the first ten years of 158 ktpa of copper, 70 koz of gold and 1.5 Moz of silver

Specialty metals & uranium

Producing

• Maracás Menchen (vanadium)

  • Portfolio contribution of $1.2m (H1 2025: $0.8m)

  • Vanadium sales subject to the royalty in the period totalled 9.5 Mlbs (H1 2025: 6.5 Mlbs) reflecting operational improvement at the Maracás Menchen mine

  • In July, Largo Inc agreed a $60.1 million delivery order from the U.S. Defense Logistics Agency Strategic Materials under a five-year contract. The order supports the supply of high-purity vanadium products and reinforces the Company's strategic role in U.S. critical mineral supply chains

  • Brazilian origin vanadium oxide and hydroxide products were expressly included on the published exemption list with respect to Section 301 tariffs announced on 15 July 2026 applicable to certain products of Brazil imported to the USA

  • In August, Largo announced the agreement of a binding term sheet to refinance $82 million of commercial bank debt, with an extended maturity profile to 2030

  • The average realised sales price for royalty payments was $7.56/lb (H1 2025: $7.47/lb)

Development and early stage

• Patterson Corridor East (uranium)

  • NexGen Energy (Nexgen) continues to report outstanding results from the drilling programme at Patterson Corridor East (PCE)

  • The mineralised footprint at PCE and high-grade sub-domain has expanded over the period and is open in nearly all directions. NexGen are continuing to advance their 2026 drill campaign over H2 2026 with the addition of a 5th drill rig

Bulks & other

Producing

• Kestrel (steelmaking coal)

  • Mining activity at Kestrel returned to the Group's private royalty area at the end of the period, with 100 kt of saleable volumes registered

  • Operations are expected to remain in the Group's private royalty area throughout Q3, with FY 2026 total saleable volume guidance remaining unchanged at 1.0 mt - 1.1 mt

Outlook

• Portfolio cashflows expected to drive further debt reduction during H2, providing balance sheet flexibility to fund further royalty and stream acquisitions that meet Ecora's investment criteria

Analyst presentation

A live webcast of the presentation including Q&A will be held today at 2:00pm BST for investors and analysts and will be available via our website at www.ecoraroyalties.com or on https://brrmedia.news/ECOR_HY26.

This will be available for playback after the event.

Please join the event 5-10 minutes prior to the scheduled start time.

For further information

Click on, or paste the following link into your web browser, to view the full announcement.

http://www.rns-pdf.londonstockexchange.com/rns/9877S_1-2026-9-1.pdf

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SOURCE: Ecora Royalties PLC